M&A Deal Summary

Altisource Portfolio Solutions Acquires Equator

On August 21, 2013, Altisource Portfolio Solutions acquired software company Equator for 70M USD

Acquisition Highlights
  • This is Altisource Portfolio Solutions’ 1st transaction in the Software sector.
  • This is Altisource Portfolio Solutions’ largest (disclosed) transaction.
  • This is Altisource Portfolio Solutions’ 2nd transaction in the United States.
  • This is Altisource Portfolio Solutions’ 1st transaction in California.

M&A Deal Summary
Date 2013-08-21
Target Equator
Sector Software
Buyer(s) Altisource Portfolio Solutions
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Equator

Los Angeles, California, United States
website
Equator LLC is a provider of default software solutions for servicers, real estate agents, vendors and other mortgage and real estate industry professionals.

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Buyer(S) 1

Buyer

Altisource Portfolio Solutions

Luxembourg, Luxembourg

website

Category Company
Founded 1999
Sector Business Services
Employees2,726
Revenue 366M USD (2020)
DESCRIPTION

Altisource Portfolio Solutions provides services to some of the most respected organizations in their industries, including one of the nation’s largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services companies and hedge funds across the country. Altisource Portfolio Solutions was founded in 1999 and is based in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 2 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (California) 1 of 2
Country (United States) 2 of 7
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-12 The Mortgage Partnership of America

St. Louis, Montana, United States

The Mortgage Partnership of America LLC is a provider of mortgage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Mortgage Builder Software

Southfield, Michigan, United States

Mortgage Builder Software, Inc. is a provider of Software as a Service (SaaS) based mortgage loan origination and servicing software systems. Mortgage Builder’s mortgage software solutions include origination, servicing, relationship management, production portal and electronic document management.

Buy -
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